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Following the results of the first nine months of 2018, Deutsche Bank reported a decrease in net profit 2.2 times compared to the same period last year to 750 million euros. Revenue decreased by 5% to 19 billion 741 million euros. The largest bank in Germany also reported a reduction in net profit in the third quarter 2.8 times to 229 million euros. According to experts, an even greater decline was expected — to 149 million euros. Quarterly revenues amounted to 6 billion 175 million euros, a decrease of 9% over the year. Nevertheless, bank executive director Christian Sewing expects completion of 2018 with a profit for the first time since 2014.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Major Japanese banks saw record demand for the corporate loans that were offered since April as the COVID-19 pandemic continues to have companies rushing in to build up cash reserves, according to a central bank survey on Friday. The figures ...
KYC Policy